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21553 E PEGASUS Parkway, Queen Creek, AZ 85142

$2,900,000

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https://www.zillow.com/view-imx/66c9ebdb-7de0-40fd-ba74-0de816a8b8b2?initialViewType=pano&utm_source=dashboard

Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 4,329 Lot Size (sq. ft.): 53,341 Status: Active

Current Price: $2,900,000 List Date: 5/29/2026 Last Modified: 6/06/2026

Description

Rare offering in Queen Creek's prestigious Pegasus Airpark, where refined desert living meets private aviation. This estate offers direct taxi access to the private runway, a Santa Barbara-style residence with an appointed finished basement, and an impressive nearly 3,000 sq. ft. hangar with dual offices, kitchenette & bath. With approx. $775K in recent enhancements, the home showcases remodeled kitchen & baths, generous living spaces, elevated finishes, and seamless indoor/outdoor flow. The newly renovated resort-style yard features an expanded pool, new spa, and elegant outdoor spaces designed for entertaining or relaxing. A distinctive lifestyle property offering luxury, privacy, scale, aviation convenience, and everyday comfort in one remarkable setting in a premier fly-in community.

Supplements: Pegasus Airpark Community & Property Highlights Pegasus Airpark is a gated private runway community designed around the aviation lifestyle, offering residents the rare ability to taxi directly from their property to the runway. Known for its longer-than-average runway, reduced fuel costs, and no landing fees, Pegasus remains one of Arizona's most unique residential airpark communities. 21553 E Pegasus Pkwy combines aviation functionality with extensive recent improvements and resort-style living. Property Highlights " Approx. 4,300 sq ft residence including finished basement " Approx. 2,982 sq ft aircraft hangar " Hangar dimensions approx. 68.4' x 42.4' " Hangar includes dual offices, kitchenette, and bathroom " Direct taxiway access from property to runway " Refreshed Santa Barbara-inspired exterior " Recently updated kitchen and bathroom improvements " Andersen sliding doors creating enhanced indoor/outdoor flow " Three new HVAC systems " HVAC added to garage/hangar support areas " New garage doors and entry gates " Extensive front and backyard landscape redesign " Expanded pool and spa renovation " Outdoor Ramada and entertaining spaces " Updated irrigation system " Decorative landscape enhancements throughout property " Oversized homesite with generous outdoor living space Additional Notes The property has undergone approximately $775,000 in recent improvements and enhancements, thoughtfully elevating both the home and grounds while maintaining the warmth and character of the original architecture. The combination of substantial hangar space, finished basement, direct runway access, and extensive recent upgrades creates a rare opportunity within the Pegasus Airpark community.

More Information MLS# 7026094

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No List Price: $2,900,000 Status: Active Current Price: $2,900,000 List Date: 2026-05-09

Location, Tax & Legal

Assessor's Map #: 91 Legal Description (Abbrev): LOT 40 PEGASUS AIRPARK UNIT 1 MCR 055603 Assessor's Parcel #: 329 Tax Municipality: Maricopa - COUNTY Taxes: 9092 House Number: 21553 Compass: E Street Name: PEGASUS St Suffix: Parkway City/Town Code: Queen Creek State/Province: AZ Zip Code: 85142 Zip4: 7963 Country: US County Code: Maricopa Assessor Number: 304-91-329 Subdivision: PEGASUS AIRPARK UNIT 1 Tax Year: 2025

General Property Description

Dwelling Styles: Detached # of Interior Levels: 1 Full Bathrooms: 3 Half Bathrooms: 2 Approx SQFT: 4329 Price/SqFt: 669.9 Approx Lot SqFt: 53341 Approx Lot Acres: 1.225 Flood Zone: No Guest House SqFt: 2980 Horses: N Builder Name: Alden Custom Home Elementary School District: Queen Creek Unified District High School District: Queen Creek Unified District Elementary School: Queen Creek Elementary School Jr. High School: Queen Creek Junior High School High School: Queen Creek High School Community Pool Y/N: No Private Pool Y/N: Yes Planned Comm Name: Pegasus Air Park Fireplace YN: Yes Fireplaces Total: 2 Marketing Name: Pegasus Air Park Dwelling Type: Single Family Residence Exterior Stories: 1 # Bedrooms: 4 Total Bathrooms: 5 Year Built: 2006

Legal Info

Range: 7E Section: 34 Township: 2S Lot Number: 40

Special Listing Cond

N/A: 1

Construction

Block: 1 Wood Frame: 1

Const - Finish

Stucco: 1

Roofing

Built-Up: 1 Tile: 1

Association & Fees

HOA Y/N: Y HOA Disclosure/Addendum Affirmation: Yes HOA Transfer Fee: 200 HOA Fee: 326.36 HOA Paid Frequency: Quarterly HOA Name: Pegasus Airpark HOA Telephone: 480.422.0888 HOA Management Company: Trestle HOA Management Phone: 480.422.0888 Special Assessment HOA: No HOA 2 Y/N: Y HOA 2 Transfer Fee: 200 HOA Paid Frequency 2: Quarterly HOA 2 Name: Pegasus Flight Assoc HOA 2 Telephone: 480-422-0888 HOA Management Company 2: Trestle HOA Management Phone 2: 480-422-0888 Special Assessment HOA 2: No HOA 3 Y/N: N PAD Fee Y/N: N Cap Improvement/Impact Fee: 0 Cap Improvement/Impact Fee $/%: $ Cap Improvement/Impact Fee 2: 0 Cap Improvement/Impact Fee 2 $/%: $ Prepaid Association Fees HOA: 326 Prepaid Association Fees HOA 2: 200 Disclosure Fees HOA: 175 Disclosure Fees HOA 2: 175 Other Fees HOA: 75 Other Fees Description: Escrow Demand Land Lease Fee Y/N: N Rec Center Fee Y/N: N Rec Center Fee 2 Y/N: N Ttl Mthly Fee Equiv: 175.62

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1

Lockbox Type

Supra: 1

Architecture

Spanish: 1

Master Bathroom

Separate Shwr & Tub: 1 Double Vanity: 1 Private Toilet Room: 1

Master Bedroom

Split: 1

Additional Bedroom

Other Bedroom Split: 1 Other Bedroom Downstairs: 1 Master Bedroom Walk-in Closet: 1

Fireplace Features

Fireplace Family Rm: 1 Fireplace Living Rm: 1 Gas Fireplace: 1

Flooring

Carpet: 1 Tile: 1

Window Features

Dual Pane: 1 Wood Frames: 1

Private Pool Features

Diving Pool: 1 Heated: 1

Community Features

Gated: 1 Runway Access: 1

Dining Area

Formal: 1 Eat-in Kitchen: 1 Dining in LR/GR: 1 Dining in FR: 1

Heating

Natural Gas: 1

View

Mountain(s): 1

Kitchen Features

Dishwasher: 1 Disposal: 1 Kitchen Island: 1 Built-in Microwave: 1 Multiple Ovens: 1 Pantry: 1 Refrigerator: 1 Reverse Osmosis: 1 Walk-in Pantry: 1 Gas Cooktop: 1 Granite Counters: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1

Interior Features

Central Vacuum: 1 Water Softener Owned: 1 Water Purifier: 1

Laundry

Washer Included: 1 Dryer Included: 1 Gas Dryer Hookup: 1 Inside: 1

Basement

Basement Y/N: Y

Other Rooms

Family Room: 1 Great Room: 1 Guest Qtrs-Sep Entrn: 1 Separate Workshop: 1

Basement Description

Finished: 1 Full: 1

Separate Den/Office

Sep Den/Office Y/N: Y

Road Responsibility

Private Maintained Road: 1

Technology

Pre-Wire Srnd Snd: 1 Cable TV Avail: 1 High Speed Internet: 1 Ntwrk Wrng Multi Rms: 1

Fencing

Block: 1 Wrought Iron: 1

Water Source

City Water: 1

Exterior Features

Separate Guest House: 1 Covered Patio(s): 1 Pvt Yrd(s)/Crtyrd(s): 1 Other: 1

Spa

Private: 1 Heated: 1

Sewer

Septic Tank: 1

Parking Spaces

Slab Parking Spaces: 4 Total Covered Spaces: 3 Garage Spaces: 3

Parking Features

Attch'd Gar Cabinets: 1 Over Height Garage: 1 Extended Length Garage: 1 Garage Door Opener: 1 Hangar: 1

New Financing

Cash: 1 Conventional: 1

Energy/Green Feature

Multi-Zones: 1

Plumbing

Gas Hot Water Heater: 1

Utilities

SRP: 1 SW Gas: 1

Existing 1st Loan

Treat as Free&Clear: 1

Property Description

North/South Exposure: 1

Landscaping

Desert Front: 1 Desert Back: 1 Grass Front: 1 Grass Back: 1 Yrd Wtring Sys Front: 1 Yrd Wtring Sys Back: 1

Services

City Services: 1

Items Updated

Plmbg Yr Updated: 2025 Plmbg Partial/Full: Partial Ht/Cool Yr Updated: 2022 Ht/Cool Partial/Full: Full Roof Yr Updated: 2022 Roof Partial/Full: Partial Kitchen Yr Updated: 2026 Kitchen Partial/Full: Full Bath(s) Yr Updated: 2026 Bath(s) Partial/Full: Full Pool Yr Updated: 2025 Pool Partial/Full: Full

Disclosures

Seller Discl Avail: 1 Vicinity of an Airport: 1 Other (See Remarks): 1

Possession

Close of Escrow: 1

Association Fee Incl

Common Area Maint: 1 Street Maint: 1

Assoc Rules/Info

Pets OK (See Rmrks): 1 Prof Managed: 1

Remarks Misc

Cross Street: Ellsworth and Empire Directions: South on Ellsworth, between San Tan Blvd and Empire. East on Pegasus Parkway, north on S Achilles Way, east on Pegasus. Home is on your right. Geo Lat: 33.21129 Geo Lon: -111.618022

Association Fees

Association Fee 2: 200.5

Property Features

Special Listing Cond: N/A Architecture: Spanish View: Mountain(s) Master Bathroom: Separate Shwr & Tub; Double Vanity; Private Toilet Room Master Bedroom: Split Additional Bedroom: Other Bedroom Split; Other Bedroom Downstairs; Master Bedroom Walk-in Closet Fireplace Features: Fireplace Family Rm; Fireplace Living Rm; Gas Fireplace Flooring: Carpet; Tile Window Features: Dual Pane; Wood Frames Private Pool Features: Diving Pool; Heated Spa: Private; Heated Community Features: Gated; Runway Access Dining Area: Formal; Eat-in Kitchen; Dining in LR/GR; Dining in FR Kitchen Features: Gas Cooktop; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Reverse Osmosis; Multiple Ovens; Pantry; Walk-in Pantry; Granite Counters; Kitchen Island Laundry: Washer Included; Dryer Included; Gas Dryer Hookup; Inside Basement Description: Finished; Full Other Rooms: Family Room; Great Room; Guest Qtrs-Sep Entrn; Separate Workshop Interior Features: Central Vacuum; Water Softener Owned; Water Purifier Technology: Pre-Wire Srnd Snd; Cable TV Avail; High Speed Internet; Ntwrk Wrng Multi Rms Exterior Features: Covered Patio(s); Pvt Yrd(s)/Crtyrd(s); Separate Guest House; Other Parking Features: Attch'd Gar Cabinets; Extended Length Garage; Garage Door Opener; Hangar; Over Height Garage Road Responsibility: Private Maintained Road Construction: Block; Wood Frame Const - Finish: Stucco Roofing: Built-Up; Tile Cooling: Central Air; Ceiling Fan(s) Heating: Natural Gas Plumbing: Gas Hot Water Heater Utilities: SRP; SW Gas Water Source: City Water Sewer: Septic Tank Services: City Services Fencing: Wrought Iron; Block Property Description: North/South Exposure Landscaping: Desert Front; Desert Back; Grass Front; Grass Back; Yrd Wtring Sys Front; Yrd Wtring Sys Back Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Possession: Close of Escrow Association Fee Incl: Common Area Maint; Street Maint Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional Disclosures: Seller Discl Avail; Vicinity of an Airport; Other (See Remarks)

Documents

Airpark Info ›

Listing Office: Compass

Last Updated: June - 06 - 2026